Great Baltimore Rental or Fix and Flip

  • House
    1300 ft2
    bedroom 3 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $55,000
    Status : Available
    Year Built : 1920
 Description
3926 Reisterstown Rd Baltimore MD 21215. Solid Brick Exterior home. 1,300 Square Feet of Living Space. This property is rent ready and was getting $1,000 – $1100 per month.  If using Section 8 for tenants, rents could command an EXTRA $100-$200 dollars a month in this area.  This house has 3 Bedrooms  1 1/2 Baths.  
  • Price – 55,000
  • Renovation Costs (if you chose to flip) - $40,000, for a very high-end upgrade
  • After Repair Value - $137,000
Lock Box access available for property access!
 Rehab Work Needed
  • Air Conditioning
  • Appliances
  • Bathroom
  • Floor
  • Kitchen
  • Living Room
  • Master Bedroom
  • Paint Interior
 General Amenities
 Distance
  • Beach : 60 Minutes
  • Bus : 2 Minutes
  • Cafe : 5 Minutes
  • Gas Station : 3 Minutes
  • Hospital : 8 Minutes
  • Pharmacy : 5 Minutes
  • Playground : 5 Minutes
  • Police : 8 Minutes
  • Repair : 5 Minutes
  • Train : 5 Minutes
 Tags
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 Summary

Overview
Great Baltimore Rental or Fix and Flip Flip/Rental
$55,000
Property ID: MD19106235
Address: Login to View
City: Baltimore County and City
State/Province: MD
Zip Code: 21215
Country: USA


Rental Analysis

+ Purchase Price: $55,000
+ Purchase Closing Cost: $0
+ Rehab Cost: $0
Total Acquisition Cost: $55,000


Monthly Rent: $1,100
+ Annual Potential Rent: $13,200
- Vacancy (0%): $0
Annual Gross Income: $13,200
Annual Gross ROI: 24%


Flip Analysis

+ Purchase Price: $55,000
+ Purchase Closing Cost: $550
+ Rehab Cost: $40,000
Total Acquisition Cost: $95,550


+ Selling closing cost: $1,370
+ Agent Commision : $1,370
+ Insurance (6 Months) : $450
+ Utilities (6 Months): $750
+ Miscellaneous Expenses: $500
Total Holding Cost: $4,440


Total Flip Cost: $99,990
Projected ARV: $137,000
Net Income (Profit): $37,010
CAP Rate: 37.01%

 Message

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